Common use of Delayed Occupancy Clause in Contracts

Delayed Occupancy. In the event that Landlord is prevented from completing the alterations and improvements described in Exhibit “B” due to the failure of the prior tenant to surrender possession of the Premises to the Landlord, work stoppages, labor controversies, accidents or other causes beyond the reasonable control of Landlord, Landlord shall not be liable to Tenant for damages by reason thereof, nor shall Tenant be relieved from any obligation under this Lease, but the rental shall ▇▇▇▇▇ based on the above schedule (a pro-rated monthly installment shall be calculated on a 30 day month) until the said alterations and improvements are completed. In such event, the term of this Lease shall automatically be extended so as to include the full number of months provided for by this Lease.

Appears in 2 contracts

Sources: Lease Agreement (Trintech Group PLC), Lease Agreement (Trintech Group PLC)

Delayed Occupancy. In the event that Landlord is prevented from completing the alterations and improvements described in Exhibit "B" due to the failure of the prior tenant to surrender possession of the Premises to the Landlord, work stoppages, labor controversies, accidents or other causes beyond the reasonable control of Landlord, Landlord shall not be liable to Tenant for damages by reason thereof, nor shall Tenant be relieved from any obligation under this Lease, but the rental shall ▇▇▇▇▇ abate based on the above schedule (a pro-rated monthly installment shall be sh▇▇▇ ▇e calculated on a 30 day month) until the said alterations and improvements are completed. In such event, the term of this Lease shall automatically be extended so as to include the full number of months provided for by this Lease.

Appears in 1 contract

Sources: Lease Agreement (Areawide Cellular Inc)